In 250-350 words, Why do people trade? When answering this question consider the history of trade and how trade has influenced history. Consider the theories of Absolute and Comparative Advantage. Incorporate thoughts on the Ricardian model, Heckscher (1919) – Olin (1933) Theory, Leontief Paradox and the New Trade Theory. Respond to at least two of your classmates’ postings.
